Umbrella insurance is an important type of coverage that residents of Snellville, GA might want to purchase. Toney Insurance Services offers umbrella insurance policies.
The following are four of the most important things you need to know about umbrella insurance coverage:
Umbrella insurance premiums are comparatively low.
One of the best things to know about umbrella insurance policies is that they tend to offer relatively low premiums compared to auto and home insurance policies. You may be able to purchase a policy for as little as $150 per year.
Umbrella insurance covers liability expenses.
Consumers need to realize that umbrella insurance won’t cover them for property damage. Umbrella insurance provides coverage in liability situations. This means that umbrella insurance coverage covers legal costs and other expenses resulting from a lawsuit against the policyholder.
Umbrella insurance complements coverage from other insurance policies.
Consumers typically need to have already purchased other insurance coverage in order to qualify for umbrella insurance coverage. If you want to take advantage of umbrella insurance, you probably will need to have auto insurance and home insurance. Your umbrella insurance will cover you for expenses above the policy limits of these policies.
Umbrella insurance coverage protects the assets of the policyholder.
Consumers should invest in umbrella insurance if the value of their assets exceeds the value of the maximum policy limits of their home and auto insurance policies. Without coverage that’s worth as much as one’s assets, a consumer’s assets are at risk of being lost in a lawsuit.
Give Us A Call
At Toney Insurance Services, we’re here to answer any questions you have about umbrella insurance. Contact us today if you want to get a quote on an umbrella insurance policy in Snellville, GA.
